Sunday, May 5, 2024

Deal boom

Apartment deals, mergers and acquisitions

Argyle Lake at Oakleaf Town Center

American Landmark acquires 270-unit class A community in Jacksonville, Florida

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Argyle Lake at Oakleaf Town Center, a 270-unit class A multifamily community in Jacksonville, Florida. This is their...
Athens Reserve Apartments

The Multifamily Group brokers 122 unit vacant hotel in Athens, Texas

The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of the former Quality Inn & Suites in Athens, Texas. Advisor Greg Miller represented the buyer. Profectus...
147 Columbia

Garden Communities Announces Pre-Leasing is Underway at 147 Columbia in Florham Park New Jersey

Garden Communities has launched pre-leasing at 147 Columbia in Florham Park, with the first resident move-ins expected in late spring. The boutique multifamily rental community combines 126 luxury apartments with a complement of lifestyle...

Passco Companies expands Texas portfolio with acquisition of 380-unit, Class A+ multifamily asset in...

Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired Tribute at the Rim, a 380-unit, Class A+ luxury...
Cavalli at Iron Horse Station

American Landmark acquires Fort Worth apartments

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Cavalli at Iron Horse Station, a brand-new, 328-unit apartment community located in the Fort Worth submarket of North...

$51.35 million age-restricted multifamily asset sale in Utah closed by Marcus & Millichap

Marcus & Millichap announces the sale of Rosegate Draper, a 277-unit age-restricted multifamily asset located in Draper, Utah. The property sold for $51.35 million, which represents $185,379 per unit. “Age-restricted and seniors housing properties are...
E11EVEN Residences Beyond

JLL arranges $262 million financing for the development of luxury condominium tower in Miami

JLL’s Capital Markets group announced that it has secured the $262 million construction financing for E11EVEN Residences Beyond, a 65-story condominium development in Miami, Florida. The project will include over 550 luxury condominium units, 13,861...
The Point at Biscay

Fannie Mae lends $24.375 million for Colorado townhome community

JLL Capital Markets announced that it has arranged $24.375 million in acquisition financing for The Point at Biscay, formally known as Outlook Biscay, a 96-unit, Class A townhome community in Aurora, Colorado. JLL worked on...
5150 JB Drive Apartments

$76.8 million in financing secured for multihousing community near Nashville

JLL Capital Markets announced that it has arranged $76.8 million in acquisition financing for the 5150 JB Drive Apartments, a 384-unit, luxury, garden-style multihousing community in Murfreesboro, Tennessee within the Nashville MSA. JLL worked on...
The Mosaic on Broadway

Institutional Property Advisors closes mixed-use asset sale in San Antonio

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Mosaic on Broadway, a 120-unit multifamily complex with 15,593 square feet of retail in San Antonio, Texas. “The Mosaic on...
The Everett and The Emory

Two Nashville Yards Residential Towers The Everett and The Emory to Begin Leasing This...

Southwest Value Partners and StreetLights Residential, development partners of two multi-family residential towers under construction at Nashville Yards, announced that leasing will begin this summer. Named The Everett and The Emory, the 34- and...
Chelsea Museum District

Berkadia arranges sale of Class A multifamily high-rise in Central Houston, Texas

Berkadia Institutional Solutions announces it has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth,...
The Elle apartments

The Elle Apartments Office-to-Residential Conversion in DC’s Golden Triangle Nears Completion

The first major office-to-residential conversion in Washington, DC's Golden Triangle Business Improvement District is finishing its final stretch of construction before delivering The Elle apartments this summer. "We have seen in other parts of our...
The Halifax

Institutional Property Advisors closes North Central Phoenix area multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Halifax, a 300-unit multifamily asset in Phoenix, Arizona. The $76 million sales price represents $253,333 per unit. “Nearby high-priced single-family...

Wood Partners announces grand opening of Alta Waterside

Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its new community—Alta Waterside—in Fort Worth, Texas. A one-of-a-kind residential community located at 3964 Watercourse Drive, Alta Waterside...
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